The UK government will now allow the installation of EV chargers without planning permission from a local authority, regardless of whether it’s for private or public use. The move is intended to accelerate the roll-out of EV chargers across the UK, the previous Conservative government having set a target for the installation of 300,000 chargers across the nation… Continue reading EV charger installations no longer require planning permission
Category: US Motoring Press
Indian EV Industry Could Run Out of Rare Earth Magnets by July: Bajaj Auto
Bajaj Auto’s Executive Director Rakesh Sharma warned that the shortage of rare earth magnets—a key component in electric vehicle motors—could significantly impact the company’s production plans by July if supply bottlenecks persist. “The rare earth situation is a very difficult one. An onerous process has been hammered together for import approvals. This involves end-use declaration… Continue reading Indian EV Industry Could Run Out of Rare Earth Magnets by July: Bajaj Auto
Motherson Group Unveils New Five Year Plan, Targets $108 bln Sales
Motherson Group has set a new five-year revenue target in line with its practice of coming out with five-year plans twice every decade—consolidated gross revenue of $108 billion by FY30. Its last five-year plan was announced in 2020, with a targeted net sales of $36 billion by FY25 at a constant dollar exchange rate of… Continue reading Motherson Group Unveils New Five Year Plan, Targets $108 bln Sales
Motherson Group Unveils New Five Year Plan, Targets $108 bln Sales
Motherson Group has set a new five-year revenue target in line with its practice of coming out with five-year plans twice every decade—consolidated gross revenue of $108 billion by FY30. Its last five-year plan was announced in 2020, with a targeted net sales of $36 billion by FY25 at a constant dollar exchange rate of… Continue reading Motherson Group Unveils New Five Year Plan, Targets $108 bln Sales
Bajaj Auto Posts Record Rs. 50,000 Cr Revenue in FY25; Chetak Tops E-Scooter Sales in Q4
Bajaj Auto reported its highest-ever revenue of over Rs 50,000 crore in the financial year ended March 2025–marking an increase of 12% on year–alongside record profit and cash reserves, fueled by robust electric vehicle sales, strong export momentum, and a sharp rise in premium motorcycle volumes from Triumph and KTM, Executive Director Rakesh Sharma said… Continue reading Bajaj Auto Posts Record Rs. 50,000 Cr Revenue in FY25; Chetak Tops E-Scooter Sales in Q4
Ola Electric sees auto profitability at monthly sales of 25,000 units, likely in Q2FY26
Electric two-wheeler major Ola Electric Ltd, which was earlier expecting its automotive segment to break even at average monthly sales of 50,000 units, is now projecting EBITDA breakeven for the business at the monthly sales of approximately 25,000 units. “And as a result of cost savings, as well as our network project Vistaar, the break-even… Continue reading Ola Electric sees auto profitability at monthly sales of 25,000 units, likely in Q2FY26
Bajaj Auto Sees India Motorcycle Sales Up 5-7% in FY26; E-Scooters to Grow 20–25%
After ending FY25 with a 6% growth in motorcycle registrations despite quarterly volatility, India’s two-wheeler market is expected to maintain a steady 5–7% growth range in FY26, according to Rakesh Sharma, Executive Director, Bajaj Auto. The electric scooter segment, however, is set to outpace the overall industry with projected growth of 20–25%, he added. “In… Continue reading Bajaj Auto Sees India Motorcycle Sales Up 5-7% in FY26; E-Scooters to Grow 20–25%
Bajaj Auto Sees India Motorcycle Sales Up 5-7% in FY26; E-Scooters to Grow 20–25%
After ending FY25 with a 6% growth in motorcycle registrations despite quarterly volatility, India’s two-wheeler market is expected to maintain a steady 5–7% growth range in FY26, according to Rakesh Sharma, Executive Director, Bajaj Auto. The electric scooter segment, however, is set to outpace the overall industry with projected growth of 20–25%, he added. “In… Continue reading Bajaj Auto Sees India Motorcycle Sales Up 5-7% in FY26; E-Scooters to Grow 20–25%
Bajaj Auto Sees India Motorcycle Sales Up 5-7% in FY26; E-Scooters to Grow 20–25%
After ending FY25 with a 6% growth in motorcycle registrations despite quarterly volatility, India’s two-wheeler market is expected to maintain a steady 5–7% growth range in FY26, according to Rakesh Sharma, Executive Director, Bajaj Auto. The electric scooter segment, however, is set to outpace the overall industry with projected growth of 20–25%, he added. “In… Continue reading Bajaj Auto Sees India Motorcycle Sales Up 5-7% in FY26; E-Scooters to Grow 20–25%
Ola Electric Targets Q1 Rebound After ‘Complex’ Q4
Ola Electric expects a sharp recovery in its Q1 performance with revenues forecast to rise to Rs 850 crore and gross margins to improve to as much as 30%, after what Chairman and Managing Director Bhavish Aggarwal described as a “complex” and “nuanced” Q4 weighed down by one-time warranty provisions and registration issues. “This quarter… Continue reading Ola Electric Targets Q1 Rebound After ‘Complex’ Q4